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Sound Energy Trust announces increase to exchangeable share ratio

TSX: SND.UN
CALGARY, Aug. 1 /CNW/ - Sound Energy Trust ("Sound" or the "Trust")
announces the increase to the exchange ratio of the Series A Exchangeable
Shares of SET Resources Inc. from 1.75785 to 1.78197, Series B Exchangeable
Shares of SET Resources Inc. from 1.73169 to 1.75545, and Series D
Exchangeable Shares of SET Resources Inc. from 1.18079 to 1.19699. These
increases are effective August 15, 2007.
The following table sets out the details of the calculation of the
Exchange Ratio for each of the Series A, Series B and Series D Exchangeable
Shares:
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Record Sound
Date of Energy Five-day Effective
Sound Trust Weighted Increase Date of Exchange
Energy Distri- Average in Increase Ratio
Trust Opening bution Trading Exchange in as of
Distri- Exchange per Price of Ratio Exchange Effective
bution Ratio Unit SND.UN(xx) (xx) Ratio Date
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Series A July August
31/07 1.75785 $0.055 $4.008909 0.02412 15/07 1.78197
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Series B July August
31/07 1.73169 $0.055 $4.008909 0.02376 15/07 1.75545
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Series D July August
31/07 1.18079 $0.055 $4.008909 0.01620 15/07 1.19699
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(xx) The increase in the applicable exchange ratio is calculated by
multiplying the Sound Energy Trust distribution per Unit by the
applicable exchange ratio immediately prior to the Record Date and
dividing the result by the five-day weighted average trading price of the
Trust Units prior to the first business day following the Record Date.
A holder of SET Resources Inc. Exchangeable Shares can exchange all or a
portion of their holdings into Sound Energy Trust Units at any time by giving
notice to their investment advisor or Computershare Trust Company of Canada at
its principal transfer office at 710, 530 - 8th Avenue SW, Calgary AB T2P 3S8,
in the case of the Series A, Series B and Series D Exchangeable Shares.
Sound is a Calgary-based, open-end oil and gas income trust whose Trust
Units trade on the Toronto Stock Exchange (the "TSX") under the symbol SND.UN.
Debentures issued by Sound trade on the TSX under the symbols SND.DB and
SND.DB.A.
ADVISORY: Certain information regarding Sound Energy Trust including
management's assessment of future plans and operations, may constitute
forward-looking statements under applicable securities law and necessarily
involve risks associated with oil and gas exploration, production, marketing
and transportation such as loss of market, volatility of prices, currency
fluctuations, imprecision of reserve estimates, environmental risks,
competition from other producers and ability to access sufficient capital from
internal and external sources; as a consequence, actual results may differ
materially from those anticipated in the forward-looking statements.
%SEDAR: 00020262E